The global medical x-ray market size is expected to reach USD 16.86 billion by 2028 while exhibiting a CAGR of 4.4% between 2021 and 2028. This information is published by Fortune Business Insights in its latest report, titled, “Medical X-ray Market, 2021-2028.” The report further mentions that the market stood at USD 12.14 billion in 2020 and is expected to experience exponential growth in the forthcoming years. This growth is attributable to the increasing prevalence of chronic disorders and the rising geriatric population worldwide that will propel the demand for advanced medical x-rays.
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Fewer Hospital Appointments amid COVID-19 to Hamper Growth
The healthcare industry has been focused on treating the COVID-19 patients as per the guidelines by the government agencies globally. The medical institutions have either cancelled or postponed non-COVID-19 procedures leading to fewer hospital visits for the treatment of other medical conditions. This is likely to hinder market growth in the shorter run. However, once the novel coronavirus cases tend to cease, the medical x-ray market in USA will return to normalcy at the pre-pandemic level.
REGIONAL INSIGHTS
North America – The region is expected to dominate the global medical x-ray market during the forecast period. This is attributable to the increasing incidence of chronic disorders that propels the demand for advanced imaging systems such as medical x-rays in the region. North America stood at USD 4.52 billion in 2020.
Europe – Followed by North America, the region is expected to hold the second-position in the market due to growing adoption of x-rays to provide accurate and efficient diagnosis of chronic ailments.
Asia-Pacific – This region is expected to hold significant medical x-ray market share in terms of revenue during the forecast period. This is ascribable to factors such as supportive government initiatives to create awareness regarding technologically advanced imaging systems between 2021 and 2028.
COMPETITIVE LANDSCAPE
Major Companies Focus on Product Innovation to Brighten Their Market Prospects
The global medical x-ray market comprises small, medium, and large companies focusing on strengthening their positions by developing advanced imaging systems. Moreover, other key players are adopting organic and inorganic strategies to maintain their presence in the global marketplace.
List of the Companies Profiled in the Global Market:
- Siemens Healthcare Private Limited (Erlangen, Germany)
- GENERAL ELECTRIC COMPANY (Illinois, United States)
- Carestream Health (New York, United States)
- Koninklijke Philips N.V. (Amsterdam, Netherlands)
- Shimadzu Corporation (Kyoto, Japan)
- CANON MEDICAL SYSTEMS CORPORATION (Tokyo, Japan)
- FUJIFILM Corporation (Stamford, Connecticut, United States)
- Varian Medical Systems, Inc. (California, United States)
- Other Prominent Players
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Table of Contents
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Medical X-Ray Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Chronic Diseases by Key Countries/Regions
- New Product Launches
- Key Mergers, Acquisition, and Partnerships
- Technological Advancements in Medical X-ray
- Impact of COVID-19 on Medical X-ray Market
- Global Medical X-ray Market Size Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product Type
- Static
- Dynamic
- Market Analysis, Insights and Forecast – By Technology Type
- Analog
- Digital
- Market Analysis, Insights and Forecast – By Application
- Dental
- Veterinary
- Cardiovascular
- Oncology
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals & Clinics
- Diagnostic Centers
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Medical X-ray Market 2022 Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis – By Product Type
- Static
- Dynamic
- Market Analysis – By Technology Type
- Analog
- Digital
- Market Analysis – By Application
- Dental
- Veterinary
- Cardiovascular
- Oncology
- Others
- Market Analysis – By End User
- Hospitals & Clinics
- Diagnostic Centers
- Others
- Market Analysis – By Country
- U.S.
- Canada
- Europe Medical X-ray Market 2022 Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis – By Product Type
- Static
- Dynamic
- Market Analysis – By Technology Type
- Analog
- Digital
- Market Analysis – By Application
- Dental
- Veterinary
- Cardiovascular
- Oncology
- Others
- Market Analysis – By End User
- Hospitals & Clinics
- Diagnostic Centers
- Others
- Market Analysis – By Country/Sub-region
- U.K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
- Asia Pacific Medical X-ray Market in USA Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis – By Product Type
- Static
- Dynamic
- Market Analysis – By Technology Type
- Analog
- Digital
- Market Analysis – By Application
- Dental
- Veterinary
- Cardiovascular
- Oncology
- Others
- Market Analysis – By End User
- Hospitals & Clinics
- Diagnostic Centers
- Others
- Market Analysis – By Country/Sub-region
- Japan
- China
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Latin America Medical X-ray Market in USA Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis – By Product Type
- Static
- Dynamic
- Market Analysis – By Technology Type
- Analog
- Digital
- Market Analysis – By Application
- Dental
- Veterinary
- Cardiovascular
- Oncology
- Others
- Market Analysis – By End User
- Hospitals & Clinics
- Diagnostic Centers
- Others
- Market Analysis – By Country/Sub-region
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa Medical X-ray Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis – By Product Type
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- Static
- Dynamic
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- Market Analysis – By Technology Type
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- Analog
- Digital
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- Market Analysis – By Application
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- Dental
- Veterinary
- Cardiovascular
- Oncology
- Others
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- Market Analysis – By End User
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- Hospitals & Clinics
- Diagnostic Centers
- Others
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- Market Analysis – By Country/Sub-region
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- GCC Countries
- South Africa
- Rest of Middle East & Africa
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TOC Continued…….
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